Nine out of ten companies have suffered a political risk loss in the past year, transforming political risk from a low frequency, high severity peril into “everyone’s risk,” according to “How Are Global Businesses Managing Today’s Political Risks,” a new report by WTW.
Tag: political risk
S&P Global Says Russia-Ukraine Insurance Losses Could Reach $35 Billion
S&P Global sees losses in the specialty insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totaling $6-15 billion, S&P said in a report. Other specialty lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P… Continue reading S&P Global Says Russia-Ukraine Insurance Losses Could Reach $35 Billion
Technology Increasingly A Driver of Emerging Markets Risk: WTW
The Willis Towers Watson Political Risk Index has been tracking patterns of political instability in the world’s most vulnerable countries for more than a decade. The Index’s most recent edition examines the impact of new technologies, particularly social media, on emerging market politics. The report emphasizes how social media has increased the effectiveness of activist… Continue reading Technology Increasingly A Driver of Emerging Markets Risk: WTW
COVID-19 Pandemic Fueling Social Inequality and Political Unrest
According to a new report by Marsh, the world’s leading insurance broker and risk advisor, pandemic-induced economic stress will continue to exacerbate global political risk throughout 2021 and amplify the threats facing already-fragile economies. The Political Risk Map 2021, which is published by Marsh Specialty, shows larger increases than ever before in country economic risk… Continue reading COVID-19 Pandemic Fueling Social Inequality and Political Unrest
Over Two-Thirds of Surveyed Companies Suffered A Political Risk Loss
A political risk report by Willis Towers Watson, a leading global advisory, broking and solutions company, found that 61% of 41 global corporations surveyed believe political risk levels increased in 2019. Disruption of international trade was considered the most significant risk in the majority of regions. Fifty-eight percent of respondents in Europe and 70% in… Continue reading Over Two-Thirds of Surveyed Companies Suffered A Political Risk Loss
Geopolitical Tensions Create Significant Increase in Political Risk Losses Up from 2017
According to a survey from Willis Towers Watson and Oxford Analytica, increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding $100 million in value. In addition, the survey revealed that the political risk… Continue reading Geopolitical Tensions Create Significant Increase in Political Risk Losses Up from 2017